Barclays Issues Pessimistic Forecast for Paycom Software (NYSE:PAYC) Stock Price

Paycom Software (NYSE:PAYC) had its target price decreased by equities researchers at Barclays from $210.00 to $185.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective points to a potential upside of 17.31% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. KeyCorp decreased their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Paycom Software in a report on Monday, December 29th. Finally, Jefferies Financial Group cut their price target on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $218.07.

Paycom Software Stock Up 0.3%

PAYC traded up $0.54 during trading on Monday, reaching $157.71. The company’s stock had a trading volume of 414,631 shares, compared to its average volume of 674,533. Paycom Software has a 1 year low of $151.74 and a 1 year high of $267.76. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.61 and a beta of 0.82. The firm has a fifty day simple moving average of $163.37 and a two-hundred day simple moving average of $199.41.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The firm had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.Paycom Software’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. As a group, equities analysts forecast that Paycom Software will post 7.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the transaction, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

Hedge funds have recently made changes to their positions in the stock. Czech National Bank raised its position in shares of Paycom Software by 1.3% in the 4th quarter. Czech National Bank now owns 12,886 shares of the software maker’s stock worth $2,054,000 after buying an additional 170 shares during the period. Salvus Wealth Management LLC grew its position in Paycom Software by 7.7% during the fourth quarter. Salvus Wealth Management LLC now owns 1,422 shares of the software maker’s stock valued at $227,000 after acquiring an additional 102 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Paycom Software by 67.4% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 41,381 shares of the software maker’s stock worth $6,595,000 after acquiring an additional 16,656 shares during the last quarter. Pensionfund Sabic purchased a new position in shares of Paycom Software in the 4th quarter worth about $956,000. Finally, Focus Financial Network Inc. raised its holdings in shares of Paycom Software by 43.9% in the 4th quarter. Focus Financial Network Inc. now owns 1,751 shares of the software maker’s stock worth $279,000 after purchasing an additional 534 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.